>> a grand jury has decided not to indict a police officer who shot cleveland boy. in chicago another police shooting has raised questions about the city's use of lethal force. a police officer shot and killed two people who were both black. says their troops have retaken ramadi. it is strategically important and lies in the province that links iraq and syria. thousands of air passengers are trying to get home after christmas with more than 1400

flights have been canceled across the u.s.. 2600 more have been delayed. global news 24 hours a day. more than 150 news bureaus in the world. cori: i'm in for emily chang. mark zuckerberg fires back at his critics about expanding internet access in india. 'tis the season for jeff bezos's net worth to soar. gender and racial equality are back in the spotlight as twitter

names a new head of diversity. facebook's mark zuckerberg making a personal appeal in one of india's leading newspapers insisting that the country allow a free internet service. and said ofrote wanting to give people access to some basic internet services for free critics continue to spread false claims even if that means leaving behind a billion people. it allows free mobile internet access. appstricted handful of including facebook. opponents say it threatens the principles of net neutrality. authoritygulatory to stop thebook service pending a ruling of whether it violates net neutrality.

david kirkpatrick is the author of the facebook effect. larry is the president of the think tank faced on self-medication's. this notion of net neutrality. which has recently become the policy of the fcc. why is it so important in a developing internet world? larry: the net neutrality debate has been going on for at least 10 years here. it has been highly politicized. you are seeing that in india. one the free basic service can look at it through a net neutrality lands and this has having toissue of seek permission for innovation. program designed

to encourage broadband adoption. to get the social benefit of the internet to as many people as possible. to the critics of this, who see a land grab by facebook, is that how mark zuckerberg sees it? david: of course not. soderbergh for more than 10 years has basically believed that he is taking facebook and conductivity to everyone on the planet. 7.3 billion people. that's what he thinks. before you can to facebook he has to get them connected. he also thinks that he is a rich guy and should be doing some good stuff. he's trying to do in his mind something good for the planet. they feel very blindsided by this protocols of net which reality.

i think these concerns are kind of ludicrous. i don't even know what net neutrality means. if it is an argument that people should have -- should not have something they otherwise would have, i don't buy it. i think this is a great example of doing well by doing good. facebook will benefit over time. if the internet ad market grows in india. in the meantime he is to get people online. something that they need and i think it's a good thing. cory: he's been talking about the same talking points. zuckerberg: for every 10 people who get access to the internet, one person gets a new job and one person gets lifted out of poverty. there is a tremendous opportunity in india. if there are a billion people who were not connected.

this is one of the biggest opportunities to help develop the economy here and to help alleviate poverty. and lift up a lot of folks. cory: wide-out offers to work with those companies? larry: from what i understand the service is open to all as long as they can adhere to the parameters. this is free. it is open to all. i think you need to take a step back and think about what mr. zuckerberg is trying to do. have been struggling with internet adoption here in the united states for more than 10 years. oft was the whole purpose our national broadband plan back in 2010. there is a supply-side component of it. there is a demand side.

one element of that is price and the other is relevance. even if i can afford it. what this low-cost program or no-cost program does is give people an on-ramp onto the internet. it might be limited programming, but it allows people to access the internet and perhaps they could do it before. this notion that if all caps have it makes no sense. do you think they could ameliorate those concerns and offering google plus? david: they have adjusted the program already quite a bit. in india a lot of these poor people don't understand what going on the internet means. you are actually feeding the market just by giving them something they would need to be

aware of. the idea of this plan is that people will be able to pay for it down the road. to wean themlittle mean thable off the free service. gigantic country where people are not very connected. he is trying to help them learn the benefits of that. cory: why see pictures of zuckerberg wearing a tie i find that deeply disconcerting. david: it shows how seriously he takes this issue. cory: thank you ray much. very much. amazon.com dominated the holiday shopping.

it will make one ceo incredibly rich. the bloomberg billionaires index next. ♪

banner holiday season for online companies. it didn't treat fedex so well.

this has been a really interesting time for all companies in retail. it didn't look like it was going to be so good. pronouncingilers some pain. it came in slightly above expectations. that was really because of this late surge and e-commerce. november was looking good but those final two weeks in december consumers really went out and started shopping. retail sales online were up 20% this year. total retail sales were up about 8%. it is not even done yet. 26 is probably going to

be the second biggest shopping day of the year because everybody went to the store with returns and their gift cards and to get deals on sales. cory: hitting an inflection point for e-commerce. shopping day was the last good shipping day of the year. shannon: fedex says it got this last-minute surge. that people are going to buying a lot online. i think it really surprised people. it didn't necessarily surprise ups because in 2013 they had their own issue where they weren't prepared for the surge. this year was fedex's turn.

cory: fedex said they could never prepared for it. ups had its big screwup two years ago. also some newly just ask systems. it's the same shoppers and often the same stuff. fedex did say that they had some really bad weather in the memphis area. whether big distribution hub is. but it is december and this is your super bowl. you know weather is going to happen. it also may cause some soul-searching for amazon. the wall street journal had a very interesting piece about amazon reconsidering its relationship with ups. can we become less dependent on outside carriers? situation, amazon lives and dies by quick

delivery, if they feel like they can't count on fedex or ups, maybe it bolsters this argument inside the company that we need to build out our own logistics. cory: ira member of billion years ago i worked at time magazine they were working on their logistics for delivering magazines and they wouldn't have to use the post office. is this just a competitive bidding gimmick? perhaps that is true but jeff bezos is known to take a page out of walmart's playbook. walmart has its own private trucking fleet. 80% of walmart merchandise is shipped from walmart distribution to a store with a truck that is owned by walmart. they feeling that has served them well.

jeff bezos is a student of walmart. don't know if it will be completely unprecedented for a mega-retailer to really on their own distribution chain. cory: you are the queen of walmart. always a pleasure. jeff bezos of amazon was arguably the biggest winner. the stock is showing at this year. despite its general lack of profitability, it has more than doubled which means jeff bezos's personal net worth has increased rapidly. he also sold some stock. tom: in the summertime he sold

about half $1 billion worth of stock. but there is taxes as well. a $200 million hit for that. he has added i believe $30 billion this year. cory: he is largely undiversified in those holdings. 95% of his9 wealth is in amazon stock. it is done amazingly well for him. they are betting on jeff bezos. the hardest part of his fortune is to estimate the rest of his fortune. amazon's publicly traded.

he also owns the washington post and business insider. no one knows about profits. spacex which is due to investigate deal. you could see a big uplift or more of a money pit. cory: what are his ultimate intentions for that wealth? tom: he is extremely frugal. he is one of the least generous of billionaires. he is 100% focused on amazon. he doesn't want any distraction from that.

cory: thank you very much. beatles fans, they twist and shout and they are streaming the beatles songs that were played 50 million times the first 48 hours they were available online. has all 224 of the songs from their catalog that became available on christmas eve. together was the most popular beatles track. of the last classic rock holdouts from streaming services. ac/dc finally caved to this summer. tech deals are reaching a level not seen since the.com bubble. will there be a hangover? ♪

cory: 2015 was a record year for mergers and acquisitions. that is coming close to the frenzy of 2000. the aol time warner deal. how did that work out? not so well. what can we expect for 2016? are we going to look back on is bad deals? alex: nothing jumps out in my

mind as, why did they do that? aere are one or two that deadly been hanging out there is question marks in my mind. are thethem have obvious candidates as the biggest ones. .t&t buying directv we going to think that was a great deal 10 years from now if people are watching video in a new way? that one really relies on technology not going as quickly might think they are. with mobile video. verizon buying aol, some people are still scratching their heads. exactly on unclear how that one comes together. there are champions of that. they figure the verizon mobile to put some of that content to use or sell it off. there is still a leap of faith.

we will have to see in 2016 exactly how that one shakes out. if in fact that deal gets done as currently structured. cory: where you think we're going to see some big moves in the next year? don't have any particular inside information on these. 2016, my job is to break deal news. what questions am i going to ask? what are at the top of my list? yelp tried to sell itself this year. it hired goldman sachs and had some internal interest.

the ceo decided that he didn't want to sell. could that come back in 2016. as soon as he decided he did not want to sell the stock went down and has not really recovered yet. you have to wonder if there are some other companies that could maybe work with yelp have also struggled. grubhub, perhaps jeremy solomon sticks around. those companies are the top of my list because they haven't really made it as public companies. av this is the year that they decide we have to do something different. cory: you talk about content. lions gate has been rumored to be on the block forever. could something finally happen there? : the longest rumored deal of the year has been lions gate.

a lot of people told me to expect this to happen in the first quarter of 2016. we have seen john malone in 2015 take a stake in lions gate. he already owns the controlling starz.st of could even be acquired by another john malone company. could make a mini time warner and companies that he owns. cory: thank you very much. a legendary investor offers advice for tech companies that want to be big in china. ♪

cory: beijing is defending the controversial law. let's go to angie lau in hong kong. angie: this is the first of its kind in china. this new terrorism law in china which was effectively passed on sunday and becomes effective on january 1 allows this country andthe first time authorizes the people's liberation army to take part in counterterror operations abroad. terrorism is now a national security priority. isna for the first time attacking itself abroad. outside of its borders. for the first time really allowing the pla to engage in

counterterrorism operations outside its borders. got the obligation of tech companies operating within the confines of china. to pass over some encryption keys if requested. we got the national people's congress standing committee. led by china's top legislator. have defined what anti-terrorism means in china. these tech companies had better listen. cory: does this mean that these chinese government officials, any e-mails that they send, they will be able to see new my personal e-mail? angie: that is certainly a concern. president obama has expressed that concern to the chinese leadership.

this type of legislation means that this would allow the chinese government to have backdoors into tech companies. whether or not that is the case is obviously for the state to parse over. if tech companies hand over their encryption keys they can read your e-mails like a novel. cory: i'm not sure i want them reading my e-mails. angie: they are having increasing issues with terrorism within china. cory: thank you angie. ♪

cory: despite the slowdown in china's economy companies is have plenty of room to grow. i spoke with michael moore it's about the future of china's tech scene. moritz: i don't think anything has changed in china. the underlying consumer demand remains very strong. we have built our own business there over the course of the last 13 or 14 years. a very robust business. some wonderful people. it is no accident that seven of the 20 most valuable internet companies today are chinese. over the next 20 years there is

going to be far more business the technology companies that get started in china and get started in the united states been there has been over the last 20 years. moritz: i am always struck by chineser people who run companies are to learn about their american counterparts. how frequently they come to the united states. jammed their schedules are when they come here. i wish the ceos of silicon valley companies did the same thing in china. i think we can learn a lot from them. the products are different the services are different. silicon valley company aspires to be a global company china is going to be a very big part of the future.

we tried not to make the mistakes that we watched others make. do first thing you need to is go to china and admit you know nothing. you need to understand that the market is different. you definitely don't staff your company in china with people from america or europe. you need to understand there is a very different work ethic in china. people just have it and they work a lot harder. a whole new level competition. corey: also with me david kirkpatrick. what you think about what is going on in china. we've seen a slowdown in many sectors.

one of the opportunities for technology? david: the back your question is controversialovers issue that generates a ton of concern among american companies and perhaps chinese companies over the cap admitted. technology world has become an ecosystem dominated by three companies. i do agree that american companies need to understand it because this is the biggest growth market of the internet. this is where the largest number of people now live. most probably the optimistic spin part of the chinese economy right now is the internet sector.

the chinese government having historically being led by engineers. asy understand the internet an economic driver in a way that most don't. we will see more consolidation. more than $100 billion in deals over the last two years. there is enormous opportunity for innovation and for the launch of new products there. corey: i am most curious about the linkedin approach. company thatsful decided to go against the principles and share information in ways that they were not in other places. david: google had their servers for a while in china to an end they decided that is a bad idea. only way to succeed,

in partnership with local players. giving the government authority that it does not give to governments in most other countries. facebook wanted to launch in china. zuckerberg has done what was just recommended and he is gone there and kiss to the rank of the political and business leaders. he learned mandarin. me if he't surprise ends up getting facebook fair by a joint venture with some local player. you cannot operate on the internet in china without the governments sufferance. they will not agree to do that unless they have authority that we would not give to governments here. corey: it is also the hardware companies. not just as a local business but also a partner in the government.

david: i don't think we want a say what happens in any one country over the others. thatd snowden showed us that is probably happening in every country whether we like it or not. we are in a very confused time in terms of rights of privacy on the internet. this encryption issues going to be huge. these weird laws in europe about the right to be forgotten. trends.very disturbing this is a very fluid situation. corey: thank you very much. twitter is taking some heat about a lack of diversity. they announced a new higher today. details next.

stay with us. ♪

corey: diversity in the workplace remains a big issue. she asked them about their views on gender equality. they are for it. sandberg: men and women both need to do their part. women do more of the communal tasks. office housework. they take the notes, plan the parties.

richard branson: i find it extraordinary that people don't take notes when you have meetings. things will be forgotten. why is it important? 80% of our lives are spent at work. ofmy opinion is up to those us who run companies to make are that these experiences delightful. the spirits of living. is up to us to question every , are we running our companies and away the people are genuinely happy? do we have enough diversity? are we giving people the right

chances to be promoted? have we got enough women in our boardrooms? have we got enough minority groups? emily: there are not enough women in the boardroom overall. we are not near equality. sandberg: people have to recognize it is not just the right thing to do for quality, is the right thing to do for your business. all kinds of studies of diversity shows that more diverse teams perform better. companies that have more women in senior management are outperforming those who don't. he will say is that this is good for my company. we are have enough diversity of facebook.

emily: are you writing a new book? sandberg: we do have a very active lien in community but i am not writing a new book. including facebook and espn. people are doing programming around this concept. emily: what is the next phase of ?eaning in sheryl sandberg: we are not going to get to equality until we get past the stereotypes of men being leaders and women being nurturers. we don't fully engage women in the workplace. emily: when i was pregnant, i read an article that said i

couldn't have it all. i cried. i cried for a couple of weeks. i reached out to you cheryl. sheryl sandberg: richard, are you ever asked if you can have it all? richard branson: no. i suspect i have spent nearly as much is like time with my kids is my life as. when my kids were young i went down to the office but i also work from home. i had the kids crawling around. nappies.

companies should have made the flexibility to to work at home and take care of their children. longer holidays. sandberg: the habit all language is only applied to women. have children and have worked. we assume that men can have both. the problem is we assume women can't. 70% of mothers in the united states are in the workforce because they have to be. telling women constantly they can't have it all is not helpful. they have to be both parents and workers. it turns out fathers have to do that too. people, work does not work for parents, both men and women. not every workplace can be as flexible as facebook or ver

virgin. for most of the head office type of jobs, they can offer flexibility. if people want to work at home rather than in an office, let them do so. if they want work half-time, let them do that. sheryl sandberg: most companies can be more flexible than they are. results focused rather than face time focused. of course we care that people try. this culture of being seen in the office trying.

think that really thinking about the way in which we work and the way in which we communicate. productook we use our to communicate very quickly. a lot of office work and communication is too long and formal. cutting things down can save a lot of time. corey: speaking of diversity, twitter has hired someone to head up diversity of the company. a former employee wrote an article criticizing the social network for its record on diversity. the evolution of the internet of things. we will look at the future next.

♪

the internet of things, where you see the potential? david: you are absolutely right. at the consumer electronics show next week this may be the most discussed topic. that essentially somewhat misleading. the internet of things is misnamed.

we are entering into an interconnected society. we'll see evidence of that in 2016. consumers have not left to a lot of these connected products. and made their home in internet of things enabled environment. as much is a lot of manufacturers would like. factoriess, and in and automatic fleets and in retail, a lot of amazing progress is happening. is that are generated by the digital world that we live in. whether it is from the caps on our phones are from the thermostat. those things really are equivalent. not just the things that come out of a hardware device. place where we a have got these analytics and cloud services that can store

almost unlimited amounts of data. the data is just spewing out all around us. this year we will start to see more intelligent stuff with that data. corey: interesting. for so many years this is been a focus of the consumer electronics show. it is the stuff that happens in the back room where innovation truly happens. chipsssing the we will have. david: intel is considered the biggest internet of things company. this is a huge opportunity for the chip makers. i have an internet connected the .hermostat i have never tried to use it.

i'm afraid that i would screw it up. that eager are not to be controlling everything from our smartphone. device ist consumer the amazon echo which i have in my living room and it is not the category that people typically think of. it is cool because it is like in your living room. or can listen to the beatles find out the wikipedia page on cory johnson. an ambient information service. it is really getting a lot of fun. to play some christmas music and it was a fantastic playlist. corey: part of me dreads going to this consumer show.

but we will surely get some good stories out of it. i'm looking forward to it. thank you so much for being with us. you and me in vegas. what happens there will stay on bloomberg tv and bloomberg radio. i am cory johnson. we will see you tomorrow. ♪

>> m angie lau--i am angie lau. japan has reached an about wartime sex slaves. shinzo abe made a landmark apology to south korea about women coerced into military brothels in world war ii. the message was delivered in seoul. the japanese government will million -- $8.3 ompensation.